Early Life
Peter Lim was born on May 21, 1953, in Singapore. He grew up in a modest two-bedroom government flat. Despite humble beginnings, he excelled academically, attending Raffles Institution and later studying accounting and finance at the University of Western Australia. To fund his education, he worked various part-time jobs.
Rise to Success
Lim began his career as a stockbroker, earning the nickname "Remisier King" due to his success serving high-net-worth clients. In the early 1990s, he invested $10 million in Wilmar International, a palm oil company. His stake in the company skyrocketed in value, generating over $1.5 billion in profits when he cashed out. He then transitioned to become a private investor.
Key Business Strategies
Lim's key strategies include long-term investments. He invested in Wilmar International. He also invested in the healthcare sector with the acquisition of Thomson Medical Group. In sports, he owns Valencia CF and has a stake in Salford City F.C. His focus is on financial sustainability and revenue generation.
Philanthropy
Lim has made significant philanthropic contributions. He established the Singapore Olympic Foundation – Peter Lim Scholarship in 2010 to support young athletes. He has donated millions to education, sports, and community development. In 2019, he pledged an additional $10 million to the Singapore Olympic Foundation-Peter Lim Scholarship and $20 million towards a new community project.
